News, Rumors and Opinions Sunday 11-20-2022
KTFA:
Samson: Experts: Iraq loses 2.5 billion dollars a month because of the holidays
20th November, 2022
The network of field advisors estimated, on Sunday, that Iraq loses about $2.5 billion a month due to official holidays
Network member Qahtan Al-Hasso said, in a statement reported by the official newspaper, that "Iraq is at the forefront of countries that disrupt the official working hours of the private and public sectors on various national and religious occasions and for various reasons," noting that "these holidays are causing a clear recession on the one hand, and a significant decline in the educational level." On the other hand, not to mention the delay in several important projects in reconstruction and development
Al-Hasso added, "Some countries, such as Sweden, are given nine days annually, while in Germany it is between 10 and 13 days, depending on the state, and in Spain it is 14 days, while Jordan has 15 days off, and Egypt has 16 days a year," noting that "Iraqi events add holidays." Sudden, often imposed by security, political or religious situations
He pointed out that "economists estimated vacation losses for a full month at more than two and a half billion dollars, if the average employee salary is calculated at 500 dollars per month at least depending on the number of employees in Iraq, 5 million employees in various sectors of the country, according to the readings of some institutions." competent research
He explained that "the abundance of holidays and official and unofficial religious events not only affects the economy, but also affects all facilities of life, especially study and scientific sobriety," assuming 52 weeks in the year, "which includes two days of each week as a holiday, so the total number of holidays on Fridays and Saturdays is 104." days a year, to which 18 official occasions are added, which is equivalent to 36 vacation days a year, by calculating the dropout of employees and students a day before or after the holiday
And Al-Hasso indicated that "there is a system followed by the Iraqis (between the two holidays is a holiday) that is within the 18 days, and on this basis we are talking about more than (176) days of vacation, noting that they are holidays that do not include personal leaves for illness, travel or childbirth, and in isolation about the days of religious events and others known as consensual, as the government announces the holidays for the two holidays for a full week to be in line with the two sects and their vision of the crescent LINK
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Samson: Iraq ranks globally in the "bribery" risk index
20th November, 2022
Iraq ranked 163 globally in the 2022 edition of the annual bribery risk index prepared and issued by the international organization (TRACE) specialized in monitoring and combating corruption in all its forms in the fields of finance and business.
According to the table prepared by the organization, "Iraq ranked 163 globally out of 194 countries included in it," noting that "Iraq occupied the same position for the second year in a row."
According to the index data, “Iraq scored an average of 68 points for the following areas: Opportunities: the risks of bribery arising from the interaction between companies and the government (74 points), deterrence and law enforcement: measures that deter bribery and the extent of their application (75 points) and transparency: the extent of transparency at the government level (73 points). Supervision and oversight came: the ability of civil society to supervise and follow up (46 points).
And in the Arab world, according to the organization, Iraq ranked 12th after Jordan, which ranked first with the least Arab countries in the risk of bribery and 65th globally, Tunisia second and 76th globally, the UAE third and 79th globally, Kuwait fourth and 111th globally, and Oman fifth and 128th globally. Lebanon sixth and 130th in the world, Morocco seventh and 140th in the world. Qatar came eighth and 149th globally, Sudan came ninth and 150th globally, Saudi Arabia came tenth and 157th globally, Egypt came eleventh and 161st globally, and Iraq came twelfth and ranked 163 worldwide.
The first ten places in the world with the lowest risk of bribery were taken by Norway, New Zealand, Sweden, Switzerland, Denmark, the United Kingdom, Australia, Finland, Japan and Canada, respectively.
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Samson: Hamza Al-Jawahiry : The thieves of public money .. enjoy influence and must be sentenced to the most severe penalties
20th November, 2022
The oil expert, Hamza Al-Jawahiry, affirmed: The thieves of public money enjoy influence, and they must be sentenced to the maximum penalties.
He told the National Iraqi News Agency : It is not enough to issue prison sentences against those who are found guilty of stealing public money and then smuggling it, pointing out the importance of the verdict also covering everyone who stands behind them, who helps them and covers them up, and who participated with them in concealing their crimes as quickly as possible.
He stressed: The implementation of the rulings with these people is a good start for fighting corruption, and the concerned agencies should expedite the arrest of the thieves of public money and not leave them free to move freely and enjoy influence and the power of stolen money. LINK
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: We see the United States of America money department has put 14 of our banks on a black list. They are being investigated for corruption. FRANK: Only because the governor of the CBI did it first... FIREFLY: These banks were smuggling money from the auctions to other countries...this is extremely good for us...
Pimpy They're not going to tell people when they actually change the rate...they're not going to announce it. It's illegal for them to do this. What we see is a lot of articles speculating.
MARKETS A LOOK AHEAD: Central Banks Are Now In Their ENDGAME, And That Is NOT GOOD.
Greg Mannarino: 11-29-2022
Global Treasury Dump Is Getting Worse - China’s Selling Big!
Sean Foo: 11-18-2022
The US treasury dump is accelerating as countries are furiously exiting US bonds during this currency crisis. Not only is China selling off their bonds, but US allies including Japan are also exiting the treasury market as rate hikes continue to get worse.
And there's a good chance the money is moving in other assets like gold. If this bond crisis gets worse, it could guarantee a recession and even trigger a potential bond market collapse. Here's what you must know!
0:00 China Is Dumping Record Amounts
2:36 Why China Is De-dollarizing
4:35 Where China Is Investing Those Dollars
7:17 It's A Global Treasury Dump!
9:32 If A Bond Collapse Happens...
11:51 Prepare For Pain